alETH is a synthetic asset overcollateralized with ETH. It represents a debt position on the Alchemix protocol.
alETH is a low-cap undercollateralized asset. This asset is exposed to the underlying risks of Alchemix, a protocol rated as Average.
alETH does not have a supply schedule. The Alchemix Elixir is inspired by FRAX's AMO design by supplying liquidity to its primary Curve pools for alUSD and alETH. The Elixir is continuously funded by debt repayments which will further deepen liquidity and help maintain the peg.